Dalal Street to witness positive start

The Indian stock markets are expected to witness positive start on Dalal Street as the global cues look supportive. SGX Nifty is trading 13 points higher.

Headlines for the day:

Kingfisher seeks Rs1,477 crore damages for ‘defective engines’

HDFC launches financial literacy programme in Gujarat

Religare buys Macquarie stake in wealth management JV

TCS market value crosses Rs4 trillion; stock at all-time high

Indian Indices:

The Indian equities are set to start today’s trading session in the green zone led by rally in Asian markets. SGX Nifty is trading 13 points higher.

On Monday (September 02, 2013), the S&P BSE Se nsex wrapped trade at 18,886.13, up by 266.41 points, while the Nifty rose by 78.95 points to close at 5,550.75.

Global Indices:

Asian markets marked a second day of gains on Tuesday after a string of upbeat factory data around the globe boosted shares and most commodities, while a delay in a potential U.S. strike on Syria diminished the safe-haven appeal of gold and the yen.

European shares surged on Monday in a broad-based rally after Chinese and European factory data showed the global economic recovery is on track.

U.S. stock index futures rose on Monday and Treasuries futures slipped as worries about an imminent Western military strike against Syria ebbed.